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Dec 24, 2012
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if mitt romney would have won would there have been a fiscal cliff issue? >> i don't know. the president has certainly been -- has had a hard time bringing in the two sides together. in terms of leading. >> that's my point. the guest just gave me an epiphany. the reason the market isn't acting upact ing spongier is i think the sell off after the election was probably in part due to the very over viewed simplistic notion if the president won there was going to be these issues we're dealing with referred to as the fiscal cliff. if mitt romney would have won probably not so much. >> probably not so much. >> the market has dealt with it. >> you're right. >> we are still talking about the same dysfunctional congress no matter who was in the white house though. >> exactly. i guess it all decides on which side of the dysfunctional aisle you sit on. >> thanks so much, guys. have a happy holiday everybody. thank you very much. we'll see you soon. we have 50 minutes before the closing bell sounds for the day and we got a market that is worsening going into the close. down about 53 po
if mitt romney would have won would there have been a fiscal cliff issue? >> i don't know. the president has certainly been -- has had a hard time bringing in the two sides together. in terms of leading. >> that's my point. the guest just gave me an epiphany. the reason the market isn't acting upact ing spongier is i think the sell off after the election was probably in part due to the very over viewed simplistic notion if the president won there was going to be these issues we're...
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Dec 24, 2012
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this is a mitt romney chia pet. >> wow. mitt romney chia pet. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes
this is a mitt romney chia pet. >> wow. mitt romney chia pet. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places --...
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Dec 24, 2012
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did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the two sides are said to be far from closing on a deal that would cover cargo handling at 15 ports, a 9d 0-day extension to an employment contract. the union has said 15,000 long shoremen could strike a day later. rick scott sent a letter to president obama asking him to invoke federal law in order to invoke a cooling off period. i don't know what the likelihood of that is. i don't know what the president might do. do you think he would -- >> wow. that's a lot of red. >> you step out. yo
did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker...
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Dec 27, 2012
12/12
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the majority of americans, including romney voters understand the obvious, that is revenues have to be part of the equation. this is a question -- why can't we do it is the head scratching question for most people. it's really part of the institution institutional paralysis of congress, you have a filibuster that enables the minority to work their will and stop even consideration of legislation. in the house, the speaker has to bite the bullet and put on the floor a bill that's going to get significant democratic support and some republican support. that's the only way to do what the country needs. >> and still keep his speakership is the trick. >> i think he can. i think the republicans voting no just don't want their fingerprints on this. if boehner puts something on the floor that passes and they can vote against it, they will underspeaker boehner w was -- speaker boehner was doing the dirty work they were unable to do. >> i know you aren't watching the markets closely. would it alter the calculus at all? does it mean we get a framework in 24 hours if we lost a lot? >> caller: yes.
the majority of americans, including romney voters understand the obvious, that is revenues have to be part of the equation. this is a question -- why can't we do it is the head scratching question for most people. it's really part of the institution institutional paralysis of congress, you have a filibuster that enables the minority to work their will and stop even consideration of legislation. in the house, the speaker has to bite the bullet and put on the floor a bill that's going to get...
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Dec 26, 2012
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he was on the finance committee for mitt romney in his presidential bid. and what your sources are telling you is what in terms of if we reach a deal. >> i've talked to paul ryan, scott brown and a few of the other republicans and i do think that there is a deal there, and it looks like the threshold number on the taxes will be about $500,000, and so, there's a little bit of a grudge going on right now. one theory is, they allow it to go over the cliff, taxes go up for everybody, the sequestration happens and then they go out and say, well, we lowered your taxes from where the cliff was and we restored cuts from where the se question trags was. that seems to be what's going on now as it relates to the game theory, which i think is sort of sad and an indictment of both political parties, in terms of letting us be in the position that we're in right now. but what it means for investors is, there will be a lot of money on the sidelines until we get this resolved. >> right. all right, john, we're going to let you go now. john harwood with the latest. we have t
he was on the finance committee for mitt romney in his presidential bid. and what your sources are telling you is what in terms of if we reach a deal. >> i've talked to paul ryan, scott brown and a few of the other republicans and i do think that there is a deal there, and it looks like the threshold number on the taxes will be about $500,000, and so, there's a little bit of a grudge going on right now. one theory is, they allow it to go over the cliff, taxes go up for everybody, the...
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Dec 27, 2012
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irony is when he did mention spending cuts, $716 billion in medicare cuts during the campaign, mitt romney and paul ryan and all the republicans, who wanted to do the exact same thing he did, they jumped on his case for proposing cuts to medicare. so how can you negotiate with a party that isn't serious about its own caucus, and isn't capable of controlling them and doesn't have a serious plan for dealing with spending cuts on its own, because it's afraid to take the heat? nobody wants to cut spending. let's just admit that. but if we're going to do it, somebody's got to take the heat and the republicans have been the party advocating it for so long, so take the heat republicans and tell us exactly what you're going to do. are you going to cut mortgage interest deductions, charitable deductions, federal and state tax deductions? let us know where you're going to do to pay for this debt reduction that you want. >> the fact of the matter is, it's not going to get done with just spending cuts or increased taxes, it's going to have to be a combination of both, and right now the worst part of i
irony is when he did mention spending cuts, $716 billion in medicare cuts during the campaign, mitt romney and paul ryan and all the republicans, who wanted to do the exact same thing he did, they jumped on his case for proposing cuts to medicare. so how can you negotiate with a party that isn't serious about its own caucus, and isn't capable of controlling them and doesn't have a serious plan for dealing with spending cuts on its own, because it's afraid to take the heat? nobody wants to cut...
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Dec 28, 2012
12/12
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he was also a romney surrogate. jimmy, do you know how much msnbc pays versus cnbc? i mean is there a reason that you feel more aligned with -- what do we got to do to get you here, anyway? >> pay me more, baby. it's called capitalism. >> oh. now -- >> the democrat speaking. >> now you like capitalism, when it applies to you. okay. we got it. jimmy, can they do anything to -- between tonight -- or they can meet with the president today, and then the house gets back on sunday. do you think they can do some stripped down bill? >> i think that -- i know they can. but they won't. and the reason they won't is because speaker boehner, who i like and you and i have talked about, cannot get -- listen, if he can't get a million bucks threshold on a tax cut through his chamber, what's he going to do get $500,000? it's not going to happen. what i think is going to happen at the white house this afternoon, though, is these folks are going to come in, sit down with the president, they're going to say, okay, we're all jumping over the cliff. so what do we do after the cliff? and t
he was also a romney surrogate. jimmy, do you know how much msnbc pays versus cnbc? i mean is there a reason that you feel more aligned with -- what do we got to do to get you here, anyway? >> pay me more, baby. it's called capitalism. >> oh. now -- >> the democrat speaking. >> now you like capitalism, when it applies to you. okay. we got it. jimmy, can they do anything to -- between tonight -- or they can meet with the president today, and then the house gets back on...